Articles filed under Commercial Real Estate
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Multimillion-dollar deal to turn historic Des Plaines building into restaurant awaits key vote TuesdayAug 29, 2025 2:00 pm - A much-anticipated, multimillion-dollar deal to turn a historic, city-owned building in downtown Des Plaines into a restaurant should get the city council’s final approval Tuesday.
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The Biz Week That Was: New streaming and grocery taxes, outlet mall gets new retailers, and taproom expandsAug 23, 2025 1:55 pm - Arlington Heights implements new streaming tax, retains grocery tax Arlington Heights will levy a new streaming tax, and keep an old grocery tax, village board membe...
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After earlier attempt, District 214 inks sale of Arlington Heights property for $5.55MAug 22, 2025 4:24 pm - The Northwest Suburban High School District 214 board votes to sell a prime Arlington Heights property to a developer for $5.55 million, despite resistance from some board members who believe the value may only rise in the future.
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Making Des Plaines ‘look good’: City buying former restaurant on Lee Street for redevelopmentAug 22, 2025 11:59 am - Des Plaines is breaking out its checkbook and buying more rundown commercial property on Lee Street for future redevelopment.
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West Chicago mayor’s renderings spark community interest in downtown developmentAug 21, 2025 1:15 pm - West Chicago Mayor Daniel Bovey recently posted a series of renderings of downtown improvements on Facebook that has residents buzzing with curiosity.
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Bartlett leaders planning demolition of shuttered Lake Street gas station to redevelop siteAug 19, 2025 6:56 am - Bartlett trustees Tuesday will consider a $59,200 demolition contract for the former Marathon gas station at Lake Street and Bartlett Road which the village acquired in court due to the site’s neglect.
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Roselle seeking input on downtown redevelopmentAug 18, 2025 2:48 pm - The village of Roselle is hosting an open house next week to gather community feedback on the future of the downtown.
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Element at Veridian apartment building on former Motorola campus in Schaumburg up for saleAug 14, 2025 11:41 am - The 268-unit luxury apartment building Element at Veridian, one of the earliest aspects of the redevelopment of the former Motorola campus in Schaumburg to be completed, is being put up for sale by its developers.
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Daily Herald opinion: Despite encouraging recent comments, movement on Bears project doesn’t feel promisingAug 13, 2025 12:44 pm - Pocketbook-conscious taxpayers can take heart in Gov. JB Pritzker’s observation Monday in Wheeling that as a business, the Chicago Bears “seem to be doing OK for themselv...
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Pritzker: Taxpayers shouldn’t be ‘propping up’ Bears stadium planAug 11, 2025 4:46 pm - Gov. JB Pritzker put free market capitalism ahead of his desire to see the Bears remain in Chicago on Monday by defending the team’s plan to relocate to the Northwest suburbs.